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The dozen owners of Lamborghini Venenos – an ultra-rare supercar that cost $4 million and up – will be receiving some bad news via registered mail: their Italian dream machines are being recalled. The 12-cylinder, 750-horsepower models that Automobili Lamborghini SpA billed as a “street-legal racing car” are among about 5,900 Aventadors the automaker will recall worldwide over risks that a fuel system fault could lead to fires. Included in the recall are the only three Venenos hardtops sold, which carried a price of about $4 million (3 million euros), plus an...
After limited availability of Lexus models which led to a 26 percent fall in sales last month, we have realized that the carmaker is really short on supplies. It keeps on getting better this month, at least that’s what the general manager of Toyota’s luxury brand is trying to convince us about. Even so we’ve heard that the supplies won’t normalize until March. Bracken said Lexus sold so many units in December that it went into the new year strapped for utility vehicles such as its top-selling RX, leading to a softer January than expected. Lexus sold 15,572 ve...
Fiat Chrysler vehicles were allowed to skip key tests for illegal engine software during Italy's main emissions-cheating investigation in the wake of the Volkswagen Group scandal. The report, presented to a European parliamentary committee in October but never officially published, will be seized upon by environmental groups pressing lawmakers to vote on Thursday for tougher EU oversight of vehicle testing by national authorities. The ministry findings, which have been circulated by some Italian opposition politicians and examined by Reuters, include complete sets of data for e...
Volvo was doing really good in 2016 and its revealed double-digit earning improvements proves that. The automaker forecasts a fourth consecutive year of record sales for 2017, in this goal it will be helped by the arrival of new models such as second-generation XC60 and the all-new XC40. Operating profit rose 66 percent to 11.0 billion Swedish crowns ($1.24 billion) and revenue increased 10 percent to 180.7 billion crowns. That helped improve the automaker's profit margin to 6.1 percent compared with a 4 percent margin in 2015. Since being bought by China's Zhejiang Geely Ho...
BMW announced that sales of BMW X models made in Spartanburg County helped boost the total number of BMW brand vehicles sold in January. BMW North America President and CEO Ludwig Willisch claims that the increased availability of the highly popular BMW X models is paying off as X model U.S. sales in January topped the all-important 50 percent mark for the second month in a row. He also added that the company is very much looking forward to the launch of its brilliant next generation 5 Series. BMW North America reported sales of BMW brand vehicles increased 0.1 percent in January fo...
